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Three major bond insurers appear to be working with Detroits emergency manager to gauge their liability in the midst of the citys bankruptcy filing last Thursday.

Ambac Assurance Corp joined growing opposition to a proposal by Detroit's emergency manager to default on certain bonds, including some the city backed with a pledge of its full faith and credit when they were sold, and warned that a default on them would hinder its ability to borrow in...

Ambac Assurance Corp joined growing opposition to a proposal by Detroit's emergency manager to default on certain bonds, including some the city backed with a pledge of its full faith and credit when they were sold, and warned that a default on them would hinder its ability to borrow in...

The judge overseeing the bankruptcy of San Bernardino, California, on Thursday disqualified a law firm from representing a major bond insurer in the case, because she said some of its lawyers had "switched sides."

Bond insurer MBIA is working with law firm Weil Gotshal & Manges as it seeks to avoid possible rehabilitation of its structured finance unit by a New York regulator, says a source familiar with the matter.

Paulson & Co asked a judge to dismiss a lawsuit accusing the firm of conspiring with Goldman Sachs Group Inc to get a bond insurer to guarantee payments on an investment allegedly designed to fail.

Standard and Poor's cut its financial strength rating on bond insurer MBIA Insurance Corp. by three notches to CCC from B with a negative outlook, the rating agency said late on Thursday.

A court decision last week ordering Flagstar Bank to pay $90.1 million to bond insurer Assured Guaranty as compensation for losses incurred on insured mortgage-backed securities should benefit other financial guarantors by giving them leverage in their own lawsuits against banks for losses sustained during the financial crisis, according to...